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Recanati Family Gains Majority Control of Maccabi Tel Aviv Basketball Club Amid Ownership Shakeup

How 2 Israeli newsrooms covered this story — translated into English and compared side by side.

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First reported by Ynet · 24 hours ago

What happened

The Recanati family has become the majority owner of Maccabi Tel Aviv basketball club by purchasing the Federman family's 29 percent stake for $50 million, ending the Federmans' decades-long involvement. This move excludes new investors and places the Recanatis at the forefront of club management amid ongoing fan tensions and expectations for future ownership changes.

01Recanati family buys Federman's 29% stake in Maccabi Tel Aviv for $50 million, gaining 58% control.
02The deal ends Federman family's 40-year ownership and blocks new investors including Eric Steilman and Wilf brothers.
03Recanatis acted abruptly, exercising first refusal rights without prior direct talks with Federmans.
04Udi and Shay Recanati have banking and business backgrounds, with Shay serving as club vice chairman.
05Relations between Recanati and Federman families deteriorated as younger generations took control.
06Fans protested against ownership, confronting Udi Recanati over club management and budget issues.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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